Ending Soon! Save 33% on All Access

Twitter Asks Some Of The Fired Employees To Return: Report Twitter cut close to 3,700 people this week via email as a way to trim costs following Musk's acquisition

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Twitter, after laying off roughly half of the company on Friday, following Elon Musk's $44 billion acquisition, is now reaching out to dozens of employees who lost their jobs and asking them to return. As per reports citing two sources familiar with the matter said that some of the employees that are asked to return were laid off by mistake while the others were let go before the management realized how their work and experience may help build features that Musk has envisioned.

Twitter cut close to 3,700 people this week via email as a way to trim costs following Musk's acquisition. Many employees learned they lost their job after their access to company-wide systems, like email and Slack, were suddenly suspended. The requests for employees to return demonstrate how rushed and chaotic the process was.

"Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day," Musk tweeted on Friday.

Over the weekend, the micro-blogging platform rolled out a new Twitter Blue subscription plan, offering a verification check mark for any user who pays $8 a month. As per reports, the company also said it will soon be launching other features, including half the ads, the ability to post longer videos and get priority ranking in replies, mentions and searches.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

CoverSure and CirclePe Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Business News

'Creators Left So Much Money on the Table': Kickstarter's CEO Reveals the Story Behind the Company's Biggest Changes in 15 Years

In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.

Business Culture

How To Keep an Entrepreneurial Spirit Alive in Your Small Business

These three tips will help you keep the spark for entrepreneurship that leads to long-term business success

Business Models

How to Become an AI-Centric Business (and Why It's Crucial for Long-Term Success)

Learn the essential steps to integrate AI at the core of your operations and stay competitive in an ever-evolving landscape.